Highest-materiality recent filing
WMG Q2 revenue up 17% to $1.73B; net income $181M vs. $36M; declares $0.19 dividend
Total revenue $1.732B, up 17% YoY (12% constant currency); Recorded Music +17%, Music Publishing +14%.
WMG subsidiary enters $1.295B term loan and $350M revolver, both due 2031
Term loan A facility of $1.295 billion; revolving credit facility of $350 million.
Warner Music Group stockholders elect 11 directors and ratify KPMG as auditor at annual meeting
All 11 director nominees elected with >99% support from votes cast (excluding broker non-votes).
WMG CEO letter details US streaming share gains, Bain JV for catalog buys, new AI monetization deals
Q1 US streaming market share up 1pp; Spotify Top 200 share up >3pp FYTD. 2025 IFPI Global Singles Chart: 4 of top 5 spots by WMG artists.
Warner Music and Bain Capital each increase JV equity commitment by $100M
WMGCo and BainCo each increased equity commitment by $100M in the Master Operations and Economics Agreement.
Warner Music Q1 revenue up 10% to $1.84B; Adjusted OIBDA up 28%; declares $0.19 dividend
Revenue $1,840M (+10% YoY); Recorded Music +10%, Music Publishing +12%.
Warner Music amends CEO Kyncl's employment with performance-vested options and PSUs
CEO Kyncl receives $10M in options split into three tranches requiring 8%, 10%, and 12% total shareholder return hurdles.
Warner Music reports Q4 record revenue $1.87B (+15% YoY); net income $109M, double prior year
Q4 revenue $1,868M (+15% YoY); Recorded Music $1,534M (+15%), Music Publishing $337M (+14%).
Warner Music declares $0.19 quarterly dividend, payable Dec 2
Board declared $0.19 per share cash dividend on Class A and Class B common stock.
Warner Music Group Q3 FY2025: Revenue up 9%, but net loss of $16M; dividend declared
Total revenue $1,689M (+9% YoY); Recorded Music $1,354M (+8%), Music Publishing $336M (+10%).
Warner Music forms $1B+ catalog JV with Bain Capital, announces $300M cost-saving plan
JV with Bain: $500M equity (50/50) + $500M debt warehouse for catalog acquisitions; initial JV is Beethoven JV 1 LLC.
Warner Music Group declares $0.18 quarterly dividend payable June 3
Board declared $0.18 per share dividend on Class A and Class B common stock.
Warner Music Q2 revenue down 1%, net income plunges 63% to $36M
Q2 revenue $1,484M, down 1% YoY (up 1% in constant currency).
Warner Music Group appoints Armin Zerza as CFO effective May 5; Bryan Castellani steps down
Armin Zerza, former Activision Blizzard CFO, appointed EVP & CFO of WMG effective May 5, 2025.
Warner Music Group shareholders elect 11 directors, ratify KPMG as auditor at 2025 annual meeting
All 11 director nominees elected with large majorities; For votes ranged from ~7.58B to ~7.62B.
Warner Music Group declares $0.18 quarterly dividend payable March 4, 2025
Quarterly cash dividend set at $0.18 per share on Class A and Class B common stock.
Warner Music Group Q1 revenue falls 5% YoY to $1.67B; net income up 25% but OIBDA down 20%
Total revenue $1,666M, down 5% YoY; Recorded Music revenue down 7% to $1,345M, Music Publishing up 6% to $323M.
WMG CEO Kyncl's annual equity switches from PSUs to RSUs; target value $10.6M
Starting FY2025, Kyncl receives annual RSU grant with $10.6M target value instead of $10M PSU.
WMG FY2024 revenue up 6% to $6.43B; Q4 net income falls 69% to $48M
Q4 revenue $1.63B (+3% YoY); digital revenue flat; net income $48M vs $154M YoY (down 69%).
Warner Music Group declares $0.18/share quarterly dividend, payable Dec 3, 2024
Board declared regular quarterly cash dividend of $0.18 per share on Class A and Class B common stock.
WMG revises restructuring plan: cost savings now $260M, charges $210M, headcount cut 750
Pre-tax cost savings target raised to ~$260M, majority by end of FY2025, from prior $200M.
WMG subsidiary reprices $1.295B term loans; new Tranche J at SOFR+1.75%
WMG Acquisition Corp. issued $1.295B in Tranche J term loans to replace existing Tranche I term loans.
Warner Music Group declares $0.18 quarterly dividend, payable Sept 4
Quarterly cash dividend of $0.18 per share on Class A and Class B common stock.
Warner Music Q3 net income up 14% to $141M; Adj. OIBDA +6% to $316M; revenue -1%
Revenue down 1% to $1,554M (up 1% CC); Recorded Music -2%, Publishing +8%.
Warner Music Group declares regular quarterly dividend of $0.17/share
Dividend of $0.17 per share on Class A and Class B common stock.
Warner Music Q2 revenue up 7% to $1.49B; adjusted OIBDA up 9%; Music Publishing revenue up 19%
Revenue $1,494M (+7% YoY); net income $96M vs $37M; operating income $119M (-4%).
pursuant to which he will be appointed Executive Vice President and Chief Financial Officer of the Company, effective May 5, 2025.
Bryan Castellani will step down as Executive Vice President and CFO, effective May 5, 2025.
Max materiality 0.80 · Median 0.62 · Most common event earnings